Redwood Wealth Management Group LLC Acquires New Position in Leonardo DRS, Inc. $DRS

Redwood Wealth Management Group LLC acquired a new stake in shares of Leonardo DRS, Inc. (NASDAQ:DRS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,775 shares of the company’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DRS. Vanguard Group Inc. grew its position in shares of Leonardo DRS by 0.3% in the first quarter. Vanguard Group Inc. now owns 7,957,909 shares of the company’s stock valued at $261,656,000 after purchasing an additional 22,990 shares during the last quarter. Versor Investments LP grew its position in shares of Leonardo DRS by 24.2% in the first quarter. Versor Investments LP now owns 51,657 shares of the company’s stock valued at $1,698,000 after purchasing an additional 10,057 shares during the last quarter. Advantage Alpha Capital Partners LP acquired a new stake in shares of Leonardo DRS in the first quarter valued at about $3,882,000. Capital Fund Management S.A. bought a new stake in Leonardo DRS in the 1st quarter valued at $1,099,000. Finally, Jump Financial LLC bought a new stake in Leonardo DRS in the 1st quarter valued at $970,000. 18.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Zacks Research downgraded shares of Leonardo DRS from a “strong-buy” rating to a “hold” rating in a report on Thursday. Canaccord Genuity Group reissued a “buy” rating and issued a $50.00 price target on shares of Leonardo DRS in a report on Thursday. Weiss Ratings reissued a “buy (b)” rating on shares of Leonardo DRS in a report on Wednesday, October 8th. Morgan Stanley increased their price target on shares of Leonardo DRS from $44.00 to $47.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Finally, Truist Financial reduced their price target on shares of Leonardo DRS from $49.00 to $47.00 and set a “buy” rating for the company in a report on Thursday. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.14.

Leonardo DRS Stock Up 1.4%

Shares of DRS opened at $36.56 on Friday. The stock has a market cap of $9.73 billion, a price-to-earnings ratio of 37.31, a P/E/G ratio of 2.02 and a beta of 0.56. The company has a quick ratio of 1.70, a current ratio of 2.11 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $41.86 and a two-hundred day moving average price of $42.52. Leonardo DRS, Inc. has a 12 month low of $28.17 and a 12 month high of $49.31.

Leonardo DRS (NASDAQ:DRS) last announced its earnings results on Wednesday, October 29th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $960.00 million during the quarter, compared to analysts’ expectations of $924.79 million. Leonardo DRS had a net margin of 7.43% and a return on equity of 11.45%. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the company posted $0.24 EPS. Leonardo DRS has set its FY 2025 guidance at 1.070-1.120 EPS. Equities analysts predict that Leonardo DRS, Inc. will post 1.04 EPS for the current fiscal year.

Leonardo DRS Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Tuesday, November 18th will be given a dividend of $0.09 per share. The ex-dividend date is Tuesday, November 18th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.0%. Leonardo DRS’s dividend payout ratio (DPR) is 36.73%.

Insider Buying and Selling

In related news, CFO Michael Dippold sold 19,360 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $41.65, for a total transaction of $806,344.00. Following the completion of the sale, the chief financial officer owned 58,834 shares in the company, valued at $2,450,436.10. This trade represents a 24.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Eric Salzman sold 4,403 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $41.17, for a total transaction of $181,271.51. Following the sale, the director owned 11,820 shares of the company’s stock, valued at $486,629.40. This trade represents a 27.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 55,039 shares of company stock worth $2,303,587 in the last quarter. 0.34% of the stock is owned by corporate insiders.

Leonardo DRS Company Profile

Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products and systems, and military support services. It operates through Advanced Sensing and Computing (ASC) segment, and Integrated Mission Systems (IMS) segments. The ASC segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, precision targeting and surveillance sensing, long range electro-optic/infrared, signals intelligence, and other intelligence systems including electronic warfare, ground vehicle sensing, active electronically scanned array tactical radars, dismounted soldier, and space sensing.